turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

TurboTax is not giving tax benefit from childcare FSA contribution. is there a mistake in the calculations?

I spent more than 6000$ on childcare with FSA contribution 600$ (W2 box 10). TurboTax calculated childcare tax credit as (6000-600)*.2= 1080 $. If I put my FSA contribution to 0, my child tax credit becomes 6000*.2= 1200$ and my total taxes drop by 120$ (600*.2). How come there is no any tax benefit from my FSA contribution?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Bsch4477
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

TurboTax is not giving tax benefit from childcare FSA contribution. is there a mistake in the calculations?

You already received the FSA tax credit because that amount was not included in your taxable income. 

View solution in original post

1 Reply
Bsch4477
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

TurboTax is not giving tax benefit from childcare FSA contribution. is there a mistake in the calculations?

You already received the FSA tax credit because that amount was not included in your taxable income. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question